Hinjewadi property market: An overview

[] Hinjewadi is one of the rapidly developing suburban areas of Pune and is located very close to the industrial zones and the IT hubs of Pune. The area has good civic amenities and is very well-connected to other parts of the greater city of Pune

Hinjewadi is a premier residential area located in the western suburbs of Pune. This was a rural area till the Rajiv Gandhi Infotech Park came up. Nearby Hinjewadi localities include many famous areas of the city of Pune such as Rihe, Tathawade, Wakad, Balewadi and Lavale. The varieties of the projects available in this area are many and they range from affordable to luxurious. There are a lot of reputed builders like the Vascon Engineers, Megapolis and Paranjape Schemes Constructions, who are working on their different projects in Hinjewadi. Some of the premier projects in Hinjewadi include Paranjape Blue Ridge, Peninsula Ashok Meadows and Kasturi Eon Homes.

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Due to the advent of various IT majors and other multi-national companies (MNCs), the city of Pune has been witnessing a rapid growth in influx of working population from outside the city. As a result, there has been a surge in the demand for residential apartments in Hinjewadi, with it being one of the noted suburbs of Pune. Even though the prices of the flats in Hinjewadi are going up at a rapid pace, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can still be found here.

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The Maharashtra government has proposed to develop Hinjewadi as an integrated township and there are plans drawn for a number of infrastructure projects to be implemented. Plans have been proposed by the Pune Metropolitan Region Development Authority to develop a metro route between Hinjewadi and Shivaji Nagar.

The civic amenities have also improved. The industrial growth and the growth of the IT sector have led to the development of retail and hospitality sectors in the area.

Connectivity with nearby Hinjewadi localities

  • There are a few major roads which run through the area namely The Hinjewadi Road and The Mumbai-Bengaluru Highway.
  • The area has extensive bus services with the Hinjewadi Bus Stand and the Pimpri Bus Stand lying in close vicinity.
  • There is a railway station at Pimpri from which railway services can be availed. The railway station is approximately 12 kilometres away from Hinjewadi.
  • It takes about an hour from Hinjewadi to reach the airport in Pune.

Employment hubs near Hinjewadi

  • Rajiv Gandhi Infotech Park is located within the locality of Hinjewadi.
  • DLF Akruti IT Park is located at a distance of approximately 2 kilometres.
  • Panchshil Tech Park is approximately 6 kilometres away.
  • International Tech Park is located approximately 9 kilometres away from the locality.

Schools in Hinjewadi and other social amenities

Hinjewadi offers very good social infrastructure to its residents. Some of the reputed schools in Hinjewadi include the Mercedes-Benz International School, Blue Ridge Public School and Pawar Public School. Some of the leading hospitals in Hinjewadi include the Sanjeevani Hospital, Mediplus Speciality Hospital Pvt Ltd and Hinjawadi Hospital. The shopping needs of the residents are catered to by malls in Hinjewadi such as the White Square, Spot 18, City One Mall, etc.

  • Price appreciation- Around 20% in the last one year.
  • Current property rates- Rs 4,859 – Rs 6,744 per sq ft.

Reasons to invest in Hinjewadi

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Considering the price trends in Hinjewadi and the rising demand, the locality would prove to be a good investment. There is excellent appreciation of property rates with a number of projects being developed here. Moreover, the area is one of the IT/ITES hub and industrial zones of Pune. The Maharashtra government has proposed to develop Hinjewadi as an integrated township, so the scope of development of infrastructure facilities is also there. Considering all these factors, Hinjewadi is an excellent place for investment.

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Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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